M0DELISME & GRAPHISME: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
M0DELISME & GRAPHISME
Largest movements
- Tangible fixed assets -€14,789
down €14,789 (-3.9%), from €382,758 to €367,969
of which Land and buildings: -€14,539
- Profit (loss) carried forward -€30,183
down €30,183 (-59.8%), from -€50,472 to -€80,655
- Other debts +€19,300
up €19,300 (+260%), from €7,413 to €26,713
- Financial charges -€3,675
down €3,675 (-98.8%), from €3,720 to €45
- Other operating charges -€1,848
down €1,848 (-60.7%), from €3,047 to €1,199
- Gross operating margin +€409
up €409 (+2.8%), from -€14,560 to -€14,150
- Purchases and services +€199
up €199 (+1.3%), from €14,838 to €15,037
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,793 | €479,794 | -€12,000 | -2.4% |
| Fixed assets | 21/28 | €383,258 | €368,469 | -€14,789 | -3.9% |
| Tangible fixed assets | 22/27 | €382,758 | €367,969 | -€14,789 | -3.9% |
| Land and buildings | 22 | €382,384 | €367,845 | -€14,539 | -3.8% |
| Plant, machinery and equipment | 23 | €374 | €124 | -€250 | -66.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €108,536 | €111,325 | +€2,790 | +2.6% |
| Stocks and contracts in progress | 3 | €3,082 | €3,456 | +€374 | +12.1% |
| Stocks | 30/36 | €3,082 | €3,456 | +€374 | +12.1% |
| Amounts receivable within one year | 40/41 | €21,323 | €23,278 | +€1,955 | +9.2% |
| Trade receivables | 40 | €456 | €139 | -€317 | -69.5% |
| Other amounts receivable | 41 | €20,867 | €23,139 | +€2,273 | +10.9% |
| Cash at bank and in hand | 54/58 | €389 | €850 | +€460 | +118% |
| Deferred charges and accrued income | 490/1 | €83,742 | €83,742 | = | 0.0% |
| Total equity and liabilities | 10/49 | €491,793 | €479,794 | -€12,000 | -2.4% |
| Equity | 10/15 | €399,528 | €369,345 | -€30,183 | -7.6% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,472 | -€80,655 | -€30,183 | -59.8% |
| Amounts payable | 17/49 | €92,265 | €110,449 | +€18,184 | +19.7% |
| Amounts payable within one year | 42/48 | €92,265 | €110,449 | +€18,184 | +19.7% |
| Trade debts | 44 | €84,852 | €83,711 | -€1,141 | -1.3% |
| Suppliers | 440/4 | €84,852 | €83,711 | -€1,141 | -1.3% |
| Taxes, remuneration and social security | 45 | - | €24 | +€24 | |
| Taxes | 450/3 | - | €24 | +€24 | |
| Other amounts payable | 47/48 | €7,413 | €26,713 | +€19,300 | +260% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,838 | €15,037 | +€199 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,865 | €14,789 | -€76 | -0.5% |
| Other operating charges | 640/8 | €3,047 | €1,199 | -€1,848 | -60.7% |
| Gross operating margin | 9900 | -€14,560 | -€14,150 | +€409 | +2.8% |
| Operating profit (loss) | 9901 | -€32,472 | -€30,139 | +€2,334 | +7.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,720 | €45 | -€3,675 | -98.8% |
| Recurring financial charges | 65 | €3,720 | €45 | -€3,675 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,192 | -€30,183 | +€6,009 | +16.6% |
| Profit (loss) for the period | 9904 | -€36,192 | -€30,183 | +€6,009 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,192 | -€30,183 | +€6,009 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.